A4 - Sunday, March 6, 1983 - North Shore News

the world
outside...

By UNITED PRESS CANADA

Economic growth

‘unimpressive’

MONTREAL — Canada's
Gross National Product
should grow by 5 percent
this year but the overall
economic outlook
remains unimpressive the
National Bank of
Canada’s chief economist

Guy Glorieux, at a

way, “the pickup of
output and employment
will prove to be relatively
modest,’ with continued
double-digit unem-
ployment rates.

Earlier, bank chairman
and president Michel
Belanger -announced a

profit of $21.88 million,

Motorcyclist killed

A motorcycle rider was
fatally injured Wednesday
morning when his bike was
in collision with a van on the
600 block West Third Street
in North Vancouver.

Drinking drivers

RECENT drinking-driving charges by North
Shore police have resulted in the fellowing
convictions (penalties shown are in addition
to licence suspension):

ROSEBOURNE Lisa, 1097 Hillside Road,
West Van, ($325); SIMS Roderick, 1185 13th
Street, West Van, ($325); MATHERS Jef-

-frey, 4161 Burkhill Road, West Van ($275);
BEATTIE Richard, 101-8751 Citation Drive,
Richmond ($275); ROTHSTEIN Vernon
Ralph, 4005 Capilano Rd., North Van ($500);
KILNER Catherine Marie, 10-3074
Mountain Hwy., North Van ($50, 6 mo.
probation); MOORE Ian Marshall, 707 East

St. James, N. Van ($500); GORDON, Donald

Joseph, 3005 Del Rio Drive, North Van

($S00); SWITZER Robert Barnes, 1533

Grand Blvd., North Van ($500).

Dead is Ronald Paul Jolly,
aged 26, of 1330 Jervis
Street, in Vancouver.

No charges had been laid
at News press time.

DRAPE
SPECIAL _

news
Thursday to announce
the bank’s fall to 6%
percent this year and
“even less next year.”
Glorieux added that
while a recovery is under

Joe doesn't come

conference

or 72 cents a share, in the
three months to Jan. 31
but he added that
dividend payments on
common. stock would
“very probably” not
resume before June.

from anywhere

MONTREAL — Political
commentator Dalton
Camp says _ television's
tendency to fragment
society would boost Joe
Clark’s chances to wear
the mantle of national

leader, because he
“doesn’t come from
anywhere.”

“The Tories are

looking for a leader, but
television has so
tribalized and fragmented
sociey, that he only
concern is where the
leader is from,” the
former Tory. party
president said Thursday
at. a conference’ on
marketing techniques in

OPEC ministers

politics.
Camp, a supporter of
intermm leader Clark, said

the party’s search for a —
“national”.

leader who
represents all of Canada
would be solved in Clark
“who doesnt come from
anywhere.”

The entry of
candidates” Ontario
Premier William Davis
and Alberta Premier
Peter Lougheed would
“vastly change the race,”
Camp said but he
predicted Clark's main
threat will be bron Ore
Co. president Brian
Mulroney who has not yet
declared.

“mega-

‘encouraged’

LONDON — Saudi
Arabia's Ahmed Zaki
Yamani and seven other
OPEC oil ministers,
ending two days of talks
on oil pnce cuts and
production quotas,
Friday invited other
cartel members to a full
session in London
Monday

“The result is en
couraging.” United Arab
Emirates Oil Minister
Mana Saced Otatba told

reporters “We have
completed the hrst stage
of our consultations
about pricing and
production ~

Hie invited the
remaining five members
of the Organization of
Petroleum Laporting
Countmes to attend
Monday's talks. but he
did not specifically say if
an. cxtraordinary OPEC
mecting was called

Weekly bankrate
outdated?

OTTAWA Some
financial cxperts believe
the weckly sctting of the
bankrate ts outdated and
want the Bank of Canada
to return to the old
system of = penodically
adjusting a fiacd rate

“Ht ts something that uw
definitely being in
creasingly talked about in
the financial community

that the floating

bankrate might be
changed.” said Melecod
Youn Wei cconomist
Frank Hracs

“In a bot of ways 1t has
outhved its uscfulness
The Bank of Canada
doesn't need that kind of
ANeaibishty anymore It
would probably be betics
for the bank to return to oa
fixed bankrate and onty
signal its intentions every
several wechks ~

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